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my observation on the defense companies feeling the hate from the obama administration on the timing of potential job cuts. wait until you hear the details of what's happening now. >>> up next, what will move your money first thing tomorrow morning? three of wall street's top money pros here tell you what they're watching, on the other side of this break. stay with us. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ >>> all right, welcome back, 30 seconds on the clock, our next guest telling us what they think will move the markets tomorrow morning. we get right to it right now. ubs, steven nicholas, and good to have you on the program, everybody. let's kick it off with you, what are you looking at tomorrow? 30 seconds on the clock. >> well, if you're watching emerging markets, look out for brazil industrial production tomorrow morning at 8:00 a.m. probably mark the 12th straight month of contracting ip, going back to last september. this probably is most importantly f
my observation on the defense companies feeling the hate from the obama administration on the timing of potential job cuts. wait until you hear the details of what's happening now. >>> up next, what will move your money first thing tomorrow morning? three of wall street's top money pros here tell you what they're watching, on the other side of this break. stay with us. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [...
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Oct 1, 2012
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>> look, we have to remember that zuckerberg also wore a suit when he met with president obama so he's willing to put on a suit if the occasion merits it. and i think it shows that he's really trying to expand facebook overseas and facebook does have a huge number of international users but the monetization to go back to that word -- facebook isn't making as much money overseas as it is here in the u.s. as a user. that has to ramp you were and i think he is in russia to try to get that started. >> let's look at where facebook's stock stands right now if we can put that up to see how it has performed today as we roll out the chunks from your -- it is up 1.5% on the day as you see there at $21.98. sue? >>> if you're looking for yield in this low interest rate environment -- who isn't -- check out big pharma. which companies may be preparing to boost their dividends coming up. >>> as we head out, here's how the five biggest dividends in the dow jones industrial 30. our favorite, intel, up 1.68%. when you take a closer look... ...at the best schools in the world... ...you see they all have
>> look, we have to remember that zuckerberg also wore a suit when he met with president obama so he's willing to put on a suit if the occasion merits it. and i think it shows that he's really trying to expand facebook overseas and facebook does have a huge number of international users but the monetization to go back to that word -- facebook isn't making as much money overseas as it is here in the u.s. as a user. that has to ramp you were and i think he is in russia to try to get that...
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Sep 26, 2012
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it was president obama that led them through bankruptcy. let's not forget secondly that taxpayers are still on the hook for a $25 billion loss out of an $85 billion investment and let's not forget what you had over the last few years is government policies out of the obama administration that will make the auto industry less competitive in the long run because what they have done is made it harder to manufacture in the united states and harder to create jobs here and if we're going to have a u.s. auto industry that is sustainable in the long run, what mitt romney is committed to, we have to change policy and that's what mitt romney will do. >> the argument might ring hollow to someone who is an auto worker in ohio who is suddenly getting more hours, right, the overtime that he hadn't gotten the last three years. >> well, ultimately that's want because of what the president did. we don't believe it is because of what the president did. we believe it is because of the resilience of the american people. the question is what's going to get the
it was president obama that led them through bankruptcy. let's not forget secondly that taxpayers are still on the hook for a $25 billion loss out of an $85 billion investment and let's not forget what you had over the last few years is government policies out of the obama administration that will make the auto industry less competitive in the long run because what they have done is made it harder to manufacture in the united states and harder to create jobs here and if we're going to have a...
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Oct 1, 2012
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bernanke will stay on if barack obama is reelected. on the right-hand side we see potential romney cabinet selections, glenn hubbard, he's been an economic adviser to both romney's presidential campaigns, last time and again this time, and john taylor at stanford university is also somebody who is mentioned frequently. look at state department as well that's obviously one that is a moving part right now because this interesting tension in washington on the obama side if he's reelected between john kerry who might have done himself some good with his speech at the democratic national convention, and susan rice is somebody who is often mentioned. now, this recent flap over libya and what the united states said or did not say about the situation there might have damaged her prospects a little bit. we'll have to watch that one, on the romney side robert zoellick, former world bank president and richard haass, president of the council of foreign relations mention there had and treasury secretary we talked about some of the names for the oba
bernanke will stay on if barack obama is reelected. on the right-hand side we see potential romney cabinet selections, glenn hubbard, he's been an economic adviser to both romney's presidential campaigns, last time and again this time, and john taylor at stanford university is also somebody who is mentioned frequently. look at state department as well that's obviously one that is a moving part right now because this interesting tension in washington on the obama side if he's reelected between...
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Sep 26, 2012
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do i think, look, obama, i get what obama's doing, he comes here and meets with four leaders and there's 25 that wonder why he didn't meet with them. he doesn't need that. >> what about netanyahu? >> well, netanyahu's been a problem. when you send the vice president to israel and the housing minister announces they're going to move into the settlements and have more illegal settlements. >> yeah. >> this is a personal problem. i don't think it's a problem between israel and america, i think it's a problem between netanyahu and obama. >> yeah. all right. >> i guess we've got to go. >> you all right? we get to see each other almost every week now. >> it's amazing. you did a great job on kudlow. >> i loved hearing you. and what we have is what this country needs. i don't know why we can't get it, do you? >> yeah, we can work this stuff out if we can sit down and talk instead of sloganeeing all the time. >> well, you forget the 9 million. >> i've got to watch you like a hawk. but anyway, thanks, governor, we appreciate it. >> see you guys later, thanks. >>> coming up, the case for precious me
do i think, look, obama, i get what obama's doing, he comes here and meets with four leaders and there's 25 that wonder why he didn't meet with them. he doesn't need that. >> what about netanyahu? >> well, netanyahu's been a problem. when you send the vice president to israel and the housing minister announces they're going to move into the settlements and have more illegal settlements. >> yeah. >> this is a personal problem. i don't think it's a problem between israel...
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. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on the senate outcome. but wiser minds will see the wisdom of helping the fed in its efforts to stimulate asset prices by not onerously raising taxes on the most important asset class other than homes. >> have you actually calculated a number? you said it would give back some of the rally. but is there a number or a percentage? >> 12-month price target is 1,500. we've written in our research that 1,600 would be a reasonable 2013 end. i need to see an acceleration in global growth. >> contingent on both, not just the tax issue? >> both. somewhere between 1,500 and 1,600. >> david, thank you for being with us. >>
. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on...
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Oct 2, 2012
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for the sake of a bit of background for the viewers, obviously, it working group created by president obama to try go after wrong doing that led to the financial crisis, you are saying it could be the first of many, say this will set a litmus test or precedent for further cases? >> i would assume enforcement actions along the line. >> frustrating thing about the crisis and the aftermath, the cleanup phase is obvious, things don't get fixed, don't get address ready. in 2006, looking at the databases that contained the loans and securitizations, it was nuts what we were seeing, very high debt-to-income ratios, steep payment resets. these loans were made to default, either investors looked the other way, play is been some of that or not enough due diligence or misrepresentation what was in the trusts, doesn't surprise me these actions are being brought. does surprise any is so long after after. >> i don't think it will hinder jpmorgan chase's abilities to make loans. i'm not sure i would draw this connection. it underscores a broader point we want the institution and lending and enforcement ef
for the sake of a bit of background for the viewers, obviously, it working group created by president obama to try go after wrong doing that led to the financial crisis, you are saying it could be the first of many, say this will set a litmus test or precedent for further cases? >> i would assume enforcement actions along the line. >> frustrating thing about the crisis and the aftermath, the cleanup phase is obvious, things don't get fixed, don't get address ready. in 2006, looking...
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Sep 26, 2012
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we interview people who knew obama, knew his dad. i interview obama's half brother. many times in the film you see obama doing very incriminating things. you see him lean over to medvedev and whisper to him -- >> conspiracy theory. >> yeah, let's talk after the election medvedev, i've got some stuff to give you, but if i tell the american people now -- >> the president of the united states. we can look at his record. >> the mike wasn't on. oh, the mike wasn't on, my friend. that's what he didn't want the american people to know. >> it doesn't make a difference -- >> because he cares so much, right? we don't have to listen -- >> you are smart enough to know what the american people don't know is ridiculous and you ought to be ashamed of yourself. >> you go to dartmouth together? >> i went to dartmouth because he was there. >> okay. >> because he's been fermenting this nonsense. >> for 30 years now, i cannot contribute. >> i'm glad you do, larry, but the reality is they've done some evil things. i was there when they did evil things. and i don't want to get into dinesh
we interview people who knew obama, knew his dad. i interview obama's half brother. many times in the film you see obama doing very incriminating things. you see him lean over to medvedev and whisper to him -- >> conspiracy theory. >> yeah, let's talk after the election medvedev, i've got some stuff to give you, but if i tell the american people now -- >> the president of the united states. we can look at his record. >> the mike wasn't on. oh, the mike wasn't on, my...
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dodd-frank same thing, obama care similar. there's this cadre of people writing the laws of our country without input from at least half the country. >> what's the most important thing you think needs to be tackled head on. you think the fiscal cliff is the first issue? >> there are a multiple of issues that have to be acted on and obviously the fiscal cliff is a very important one. the trouble is the fiscal cliff is probably too easy to solve and kick down the road, and so therefore i doubt we would be in the fiscal cliff. i'm not sure, to be honest with you, that a fiscal cliff falling off the edge is not exactly what america needs. >> is this a wake-up call do you think at this point? it's a pretty severe wake-up call to get. >> you're describing a wake-up call to rip van winkle. how many years have we been kicking the khan down the road. that's a wake-up call for rip van winkle, somebody who has been sleeping for a multitude of years. >> you're suggesting play with fire a little bit? >> i'm suggesting that i'm interested i
dodd-frank same thing, obama care similar. there's this cadre of people writing the laws of our country without input from at least half the country. >> what's the most important thing you think needs to be tackled head on. you think the fiscal cliff is the first issue? >> there are a multiple of issues that have to be acted on and obviously the fiscal cliff is a very important one. the trouble is the fiscal cliff is probably too easy to solve and kick down the road, and so...
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president obama wants to increase it to $300 million. in the barclays settlement alone for manipulation, they levied a fine of $200 million. i think it's a matter of resources. in the wake of snl crisis, 1,000 executives pled guilty or were convicted of felonies. we have not seen the kind of aggressive pursuit that we saw last time, and we do need to see it. look, i don't think we ought to be demanding heads on a stake. we don't want that kind of justice. we have to come away with a sense there has been a thorough and full investigation of potential wrongdoing. i still think that that's on the table, maria. >> so you think it's just that they don't have the resources to actually look as effectively as they should be. that's the reason you think we haven't seen any criminal prosecutions. >> i think that's part of the season, but i also think over the last two or three decades there's been a culture of weak enforcement where there's wrongdoing. a bank is assessed a penalty. for example, goldman violated some protocols around what are calle
president obama wants to increase it to $300 million. in the barclays settlement alone for manipulation, they levied a fine of $200 million. i think it's a matter of resources. in the wake of snl crisis, 1,000 executives pled guilty or were convicted of felonies. we have not seen the kind of aggressive pursuit that we saw last time, and we do need to see it. look, i don't think we ought to be demanding heads on a stake. we don't want that kind of justice. we have to come away with a sense there...
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Sep 24, 2012
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mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? >>> welcome back to "fast money." i have a quick market flash for you on google hitting new all time highs today in the session and in the after hours session trading at 750 up about .1%. what the break down is bullish on the name raising the price target. positive on the stock because it is stream lining the mobility unit and saying it might be willing to sell its home segments. those are two reasons to like google. >> thank you very much. what do you do with google at this point? >> i would take a look at money calls and see if there is anything pumped up there. >> classic example of the performance. the run has been entirely in the third quarter. this is a stock that was down significantly for the year. i think this is end of quarter window dressing, folks wanting to have the name on their sheets. >> it suffered when facebook went public. >> t
mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? >>> welcome back to "fast money." i have a quick market flash for you on google hitting new all time highs today in the session and in the after hours session trading at 750 up about .1%. what the break down is bullish on the name raising the price target. positive on the stock because...
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Sep 25, 2012
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about five to two americans pick obama. that may be part of the reason for obama's support here. another fascinating issue here is obama looks to have neutralized what would normally be a republican edge on the issue of taxes. who will increase your taxes? 45% of the public says obama. 42% say romney. you can see the reverse here on income groups. poorer people think that obama will not raise their taxes. they think romney will. the reverse when it comes to wealthier people. this is interesting. one other thing i want to show you is change in racial support. latinos, compared to our june survey, more support for obama on the economy. african-americans overwhelming support. romney is winning the independent vote, but not in enough numbers to overwhelm this huge advantage that obama has among non-whites. you can read all about this from our exclusive all-america survey at cnbc.com. don't miss it. >> all right. we will not. stick around there, steve. more reaction to all this right now. >> we bring in peter bookbar as well as christopher wayland. chris chris, are you surprised this
about five to two americans pick obama. that may be part of the reason for obama's support here. another fascinating issue here is obama looks to have neutralized what would normally be a republican edge on the issue of taxes. who will increase your taxes? 45% of the public says obama. 42% say romney. you can see the reverse here on income groups. poorer people think that obama will not raise their taxes. they think romney will. the reverse when it comes to wealthier people. this is...
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i think obama has a slight lead. when you look at the middle class, obama leads 19% among those who stand up -- who think he stands up best for the middle class. 19%. but if you ask middle class people who they favor, it's even. 4 48-48. and if you ask something called middle class families, married with kids, middle class families give romney a 14-point lead. now, that tells you there's a lot of movement inside these categories. and i think generically the president's taken a slight lead but it's still a real horse race. >> the first debate on october 3rd, how often are they game changers with six weeks left in the cycle? >> you know, my experience is not that often. mostly -- they're so well-rehearsed. they play defense and don't like to make bold statements. now something might really come out of this thing. but i don't see it as kennedy/nixon or reagan/carter. but who knows? those are the two exceptions. but i think mitt romney is an underrated debater. he may not be as sophisticated as president obama, but i wat
i think obama has a slight lead. when you look at the middle class, obama leads 19% among those who stand up -- who think he stands up best for the middle class. 19%. but if you ask middle class people who they favor, it's even. 4 48-48. and if you ask something called middle class families, married with kids, middle class families give romney a 14-point lead. now, that tells you there's a lot of movement inside these categories. and i think generically the president's taken a slight lead but...
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Sep 26, 2012
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barack obama by 51 to 45%. when you ask who would favor the rich, 8% say president obama. 58% say mitt romney. that's not good for him. when asked does mitt romney or barack obama understand the problems of people like you, by 59% to 38% people say obama understands, romney does not. that explains why the message mitt romney is sending this morning at an earlier event in westerville, ohio, was this one. >> my heart aches for the people i have seen. yesterday i was with a woman who was emotional and she said, look, i have been out of work since may. she was in her 50s. she said, i don't see any prospects. can you help me? i said, i will do my best to help you and millions others like you. 23 million others like her. there are so many hurting right now. >> of course president obama is one of the people responsible for the bad numbers for mitt romney because he's been pushing the message that mitt romney's bane capital experience makes him ill suited to care for regular people. president obama is at bowling green
barack obama by 51 to 45%. when you ask who would favor the rich, 8% say president obama. 58% say mitt romney. that's not good for him. when asked does mitt romney or barack obama understand the problems of people like you, by 59% to 38% people say obama understands, romney does not. that explains why the message mitt romney is sending this morning at an earlier event in westerville, ohio, was this one. >> my heart aches for the people i have seen. yesterday i was with a woman who was...
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Sep 26, 2012
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let's look at the brand new ad from barack obama's team. then we'll slice and dice on the other side. listen. >> he attacked millions of hard-working people making 25, 35, 45,000 dollars a year. they pay social security taxes, state taxes, local taxes, gas, sales, property taxes. romney paid 14% in taxes last year on over $13 million in income. >> the obama team's complaint is romney is ignoring all of the other nonfederal taxes people pay when he's accusing them of not paying taxes. what happens in the second half of the ad? >> they are comparing apples to oranges again. >> they did the same thing they accused the romney team of doing which is ignoring all of the state, local, real estate, sales and other taxes people pay. for the record we checked. what did mitt romney pay according to his 2011 tax returns? here's what he paid in state and local taxes. he paid over 1.3 million dollars in state and local. he paid $214,000 plus in real estate taxes and a whopping $146 in personal property taxes. the point is he did pay the other taxes. the
let's look at the brand new ad from barack obama's team. then we'll slice and dice on the other side. listen. >> he attacked millions of hard-working people making 25, 35, 45,000 dollars a year. they pay social security taxes, state taxes, local taxes, gas, sales, property taxes. romney paid 14% in taxes last year on over $13 million in income. >> the obama team's complaint is romney is ignoring all of the other nonfederal taxes people pay when he's accusing them of not paying...
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president obama has made a big push on the small business administration that also works closely with u.s. company, small businesses that are both trading and doing much more about porting. >> how do you work out when to make the loans and when not to? the fear is that we have the taxpayer going to fund businesses that might not pay the money back. >> for us it's very simple. we're a self sustaining agency. the fees we collect for the work we do have to pay all of our expenses. and on top of that, the last five year, we've delivered $1.9 billion to the taxpayer for deficit reduction. so when we make a loan, we have to have a reasonable assurance of being repaid because actually the fees we collect have to pay all of our expenses and they do that and more so. so in our case, it's very clear how we make those loans. >> all right. fred, thanks for joining us and our apologies for the technical problems we had earlier. >> thanks for having me. >> germany auction, 3 billion euros in size that went off with a 5.1 bid to cover ratio and a yield slightly less negative than last time, but stil
president obama has made a big push on the small business administration that also works closely with u.s. company, small businesses that are both trading and doing much more about porting. >> how do you work out when to make the loans and when not to? the fear is that we have the taxpayer going to fund businesses that might not pay the money back. >> for us it's very simple. we're a self sustaining agency. the fees we collect for the work we do have to pay all of our expenses. and...
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and the market may or may not be pricing in an obama re-election. that's all going to potentially change during the debates. it will either go higher or lower. i think at the end of the day, the election is a short term mover of the marketplace and we would look for that volatility to add positions that we have a lot of conviction in. >> we've got to leave it there. tom, leo, thank you very much for kicking off our show. >> thank you very much. >>> so, what are you, america, doing with your money. how are you changing your investments, your 401(k). right? a lot? a little? not at all? we make our tests hard here on street signs. you can go to streetsigns.cnbc.com. or tweet us your responses or send a very well trained pigeon. >> yes. >>> a market flash not delivered by pigeon but by word of mouth. >> good afternoon, guys. we're watching shares of service now, ticker now. looking at a downgrade from ubs. they took the stock from neutral to sell with a price target of $28. the firm is saying while they aren't questioning the strong fundamentals, they d
and the market may or may not be pricing in an obama re-election. that's all going to potentially change during the debates. it will either go higher or lower. i think at the end of the day, the election is a short term mover of the marketplace and we would look for that volatility to add positions that we have a lot of conviction in. >> we've got to leave it there. tom, leo, thank you very much for kicking off our show. >> thank you very much. >>> so, what are you,...
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president obama is speaking at 10:00 a.m. he's also expectth expeed to ad tensions in iran before hopping back on the campaign trail. romney will also be speaking in new york. >> he's getting some criticism for his schedule in meetings. in any case, stick around because still to come, bowing out of investment banking. the future is looking bleak for rbs. >>> meredith whitney says banks have been behind the curve in terms of downsizing and employees are paying for it now. >> if you think about all the other industries that have gotten more competitive, more profitable, the banking sector and insurance sector have been laggards behind it and they employ a lot of people. so they'll see significant layoffs. interesting for goldman, they're cutting all of their highest paid people. so it's not a great time. i think the industry is as bad as i've seen it. >> so how bad is it going to get? joining us for more is bank equity research and european banking editor. welcome to you both. do you agree with meredith whitney, is it as bad as
president obama is speaking at 10:00 a.m. he's also expectth expeed to ad tensions in iran before hopping back on the campaign trail. romney will also be speaking in new york. >> he's getting some criticism for his schedule in meetings. in any case, stick around because still to come, bowing out of investment banking. the future is looking bleak for rbs. >>> meredith whitney says banks have been behind the curve in terms of downsizing and employees are paying for it now. >>...
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. >>> despite calls for calm from the obama administration, the situation is also getting quite a bit hotter in the east china sea. four chinese ships moved into what japan considers its territorial waters today. the japanese government immediately filed an official protest. the chinese ships quickly exited the disputed waterway. last week you might recall we first told you about the fight between japan and china over islands and fishing rights in that particular area. ty? >> all right, sue. just heard diana's report on home builders. huge numbers from lennar and now one wall street firm is saying hold your horses. they are not alone. wednesday on cbs, don't forget we've got an exclusive interview with the ceo. we'll give you his answers to your questions on wednesday. we'll be right back after this. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger
. >>> despite calls for calm from the obama administration, the situation is also getting quite a bit hotter in the east china sea. four chinese ships moved into what japan considers its territorial waters today. the japanese government immediately filed an official protest. the chinese ships quickly exited the disputed waterway. last week you might recall we first told you about the fight between japan and china over islands and fishing rights in that particular area. ty? >> all...
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Sep 25, 2012
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the political subtext is watching this man, bill clinton, introducing barack obama. the relationship between those two, so tense and fraught back in 2008. politically much improved here in 2012, even mitt romney acknowledged that earlier in his remarks to the clinton global initiative, saying an introduction by bill clinton alone is probably worth a bump in the polls, even for mitt romney. a political subtext to an important topic. >> do you think president obama was upset that bill clinton allowed mitt romney to speak? >> reporter: if he does, he'll keep it quiet. he needs bill clinton. bill clinton came through at democratic convention and that has commented what's an interesting relationship between the obama camp and clinton camp inside the democratic party. now we've heard comments from bill clinton saying he's not sure if hillary clinton will run for president in 2016. clearly the clintons are keeping that door open, depending, obviously, what happens here in 2012 and where hillary clinton goes over the next four years. there's a lot at stake here, guys, in the
the political subtext is watching this man, bill clinton, introducing barack obama. the relationship between those two, so tense and fraught back in 2008. politically much improved here in 2012, even mitt romney acknowledged that earlier in his remarks to the clinton global initiative, saying an introduction by bill clinton alone is probably worth a bump in the polls, even for mitt romney. a political subtext to an important topic. >> do you think president obama was upset that bill...
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Sep 27, 2012
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something for candidates romney and obama in today's data. you can imagine romney pounding on the weak growth and obama saying hey, 286,000 more jobs out there and there's also something for bulls and bears but not much anybody from a sober analysis this remains a weak growth economy. melissa? >> thank you very much, steve liesman. >>> and from the u.s. to spain, let's head across the atlantic for more on spain's budget as the country hopes to avoid a bailout. steve sedgwick joins us live with the very latest. steve. >> reporter: yeah, thanks very much, indeed. we just heard literally in the last 20 minutes or so that the press conference, the announcement about this austerity that we've been waiting for all day will now get the conference in around about an hour's time. so all should be revealed about what rajoy intends to do. in the next stage of austerity. because i think the next stage because there's already been at least four bouts of austerity from this government since it came in in december last year. the last was a 2012 budget which
something for candidates romney and obama in today's data. you can imagine romney pounding on the weak growth and obama saying hey, 286,000 more jobs out there and there's also something for bulls and bears but not much anybody from a sober analysis this remains a weak growth economy. melissa? >> thank you very much, steve liesman. >>> and from the u.s. to spain, let's head across the atlantic for more on spain's budget as the country hopes to avoid a bailout. steve sedgwick...
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the he cexposure to obama care small so it's well-positioned. i asked him about lulu lemon. he said, listen, focus on what i said at the beginning of the remarks, which is to say the rumors about stock picking goes to the ridiculous. he's amused by the idea that he's a verb, a stock can be einhorned if he comments on it. he said many times there's nothing there, scott. a lot of fact and fiction at times. >> yeah, kate. the mere fact that einhorn is speaking to you is news in and of itself. the man doesn't speak for the media all that often. he does these presentations, but he so often does not stop to speak to folks like you about his picks, right? >> that's right. he does appear to be battening down the hatches more so, scott, than what he normally does because of the rumor effect that drove him crazy. he make jokes about when he clears his throat the stock starts to move during the confidences. i did buttonhole him and of the four ideas he shared what was the most surprising? we talked about cigna, and then we talked about lulu briefly. i think people were expecting to per
the he cexposure to obama care small so it's well-positioned. i asked him about lulu lemon. he said, listen, focus on what i said at the beginning of the remarks, which is to say the rumors about stock picking goes to the ridiculous. he's amused by the idea that he's a verb, a stock can be einhorned if he comments on it. he said many times there's nothing there, scott. a lot of fact and fiction at times. >> yeah, kate. the mere fact that einhorn is speaking to you is news in and of...
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mitt romney says he'll label it as a china manipulate directory while obama accuses of profiting from jobs september overseas. >>> japan continues to take a hard line in its territorial dispute. let's go to the nikkei following the story for us. >> yes, prime minister noda is sticking to a hard line that japan will not compromise over its territorial issue dispute with china. in a speech to the urn and press conference yesterday, he stressed the islands are an integral part of japan and the issue should be settled under international law. but china reacted by saying china has broken international law. meanwhile the tensions continue to damage china related businesses. cancellations for flights to and from china have reached 40,000 seats. and production cuts are in china. >> stay there for one second. another story that we're following as relations between japan and china aren't going so well, japan may be getting companyier with myanmar. is that right? >> yes. the japanese government is teams up with myanmar's public and private sectors to set up a training center next spring. the aim
mitt romney says he'll label it as a china manipulate directory while obama accuses of profiting from jobs september overseas. >>> japan continues to take a hard line in its territorial dispute. let's go to the nikkei following the story for us. >> yes, prime minister noda is sticking to a hard line that japan will not compromise over its territorial issue dispute with china. in a speech to the urn and press conference yesterday, he stressed the islands are an integral part of...
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swing states, they favor the obama. the debate starts wednesday at 8:00 p.m. eastern. >>> and if president obama is reelected, one of the first job may be to find a replacement for geithner. the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall street journal" says the company will unveil a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. do you think they can avoid having to
swing states, they favor the obama. the debate starts wednesday at 8:00 p.m. eastern. >>> and if president obama is reelected, one of the first job may be to find a replacement for geithner. the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall...
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Sep 26, 2012
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president barack obama called for an end to extremism yesterday. he also paid tribute to christopher stevens, the u.s. ambassador to libya who was killed during recent protest. in his last major foreign policy address before the upcoming election, obama also reiterated his desire to find a diplomatic solution with iran, but warned that time was running out. usef joins us from iran now. as we can expect to hear from ahmadinejad later today, what might he -- are we going hear any change in rhetoric from the past? how much will the world's attention be focused on this moment? >> well, kelly, you're right. president mahmood ahmadinejad's speech is expected for later today. it comes actually quite at an interesting time because it would be the hollywoodiest dies jewish calendar. of course, obama's speech comes at a time when the united states is facing a very difficult situation in the middle east. we saw the ongoing protests, and of course, anti-u.s. sentiment is at relatively high in terms of its historical sort of context. but again, peace is hard is
president barack obama called for an end to extremism yesterday. he also paid tribute to christopher stevens, the u.s. ambassador to libya who was killed during recent protest. in his last major foreign policy address before the upcoming election, obama also reiterated his desire to find a diplomatic solution with iran, but warned that time was running out. usef joins us from iran now. as we can expect to hear from ahmadinejad later today, what might he -- are we going hear any change in...
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they're hearing president obama does not have the answer. they hear from the other side that neither does mitt romney. they're scared. so many of our clients have actually been on the sidelines. this has been a relatively low volume rally. i think it still has legs. i think multiples are reasonable and there's still room to go. >> that's what we have pondered here lately, dick. is this sort of stealth rally, as i called it before -- here we sit near 5 1/2 rear hiyear high the market, even as we worry and wring our hands over those issues. why do you think that is? >> well, i think that investors have been through a difficult decade, especially equity investors in the united states have suffered some real turmoil in their returns, and they've been bombarded by these messages that generate fear. they're legitimate concerns. the world is a very uncertain place. so we're telling -- >> who's buying -- that's the question, who's doing the buying right now? >> i don't think i have a perfect answer for you on that. i can't identify all the buyers ou
they're hearing president obama does not have the answer. they hear from the other side that neither does mitt romney. they're scared. so many of our clients have actually been on the sidelines. this has been a relatively low volume rally. i think it still has legs. i think multiples are reasonable and there's still room to go. >> that's what we have pondered here lately, dick. is this sort of stealth rally, as i called it before -- here we sit near 5 1/2 rear hiyear high the market, even...
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mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> as we hit new record mortgage rates, i just sat down with the ce
mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm...
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because this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it will cost them 3.5 billion euro misincreased pension costs. so you can see the conundrum. they're enacting enormous amounts of austerity, but that's denting an economy which is already in recession. its second since 2008. and things are getting worse. 25% unemployment, a million up sold homes. and we haven't even talked about the banking crisis and the autonomous region, some of which including catalonia are looking trying to get some form of assembly. it is a toxic mix. >> imagine that there will be pressure on markets as this they think unfolds. we're also counting down to the wire here of cour
because this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it...
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i remember the first couple of months of the president obama's administration. i ran to the bit, too many things happening too fast. first t.a.r.p., auto industry, stimulus, home modification and the deficits are going up, up, up. so i blew a valve on it. what would it be like to have this president with a lame duck scenario where he has no governor, where he can do without the notion that he has to get re-elected again. do you see this as a big market issue, in terms of dividend taxes, obama care, taxes and higher fees there? >> i most certainly do. i think he's going to try to push his agenda. some people want to look back too the clinton years when he lost big time in the midterms just as obama did. >> november '93. >> clinton gave ground. obama has given no ground. i don't know there's any indication he'll give any ground this time. that's a big mistake if that's the case. i hope not. but it appears that's a real possibility. >> how times have changed. i thought mitt romney had a bit of a -- he could do a bit of a "saturday night live" skit, he had some good
i remember the first couple of months of the president obama's administration. i ran to the bit, too many things happening too fast. first t.a.r.p., auto industry, stimulus, home modification and the deficits are going up, up, up. so i blew a valve on it. what would it be like to have this president with a lame duck scenario where he has no governor, where he can do without the notion that he has to get re-elected again. do you see this as a big market issue, in terms of dividend taxes, obama...